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Latest Realty News from NAR

Homeowners Who Remodel Gain Equity and Enjoyment, Say Realtors®

WASHINGTON (September 28, 2017) — Homeowners who take on remodeling projects gain not only equity and more resale value in their home, they are also more likely to find satisfaction and enjoyment from their home, according to a new report from the National Association of Realtors®, with insights from the National Association of the Remodeling Industry.

The 2017 Remodeling Impact Report, www.nar.realtor/reports/remodeling-impact, the second of its kind from NAR, surveyed Realtors®, consumers who have completed... Read More

Millions of Middle-Income Homeowners Stand to Lose Under “Big 6” Tax Proposal

WASHINGTON (September 27, 2017) – A group of legislators and administration leaders known as the “Big 6” today released an outline for comprehensive tax reform that if enacted, according to the National Association of Realtors®, could lead to a tax on homeownership for millions.

According to the Big 6’s framework for tax reform, changes to the current tax code... Read More

Pending Home Sales Fall 2.6 Percent in August; 2017 Forecast Downgraded

Pending home sales sank in August for the fifth time in six months, and slower activity in the areas hit hard by Hurricanes Harvey and Irma will likely pull existing sales for the year below the pace set in 2016, according to the National Association of Realtors®.

The Pending Home Sales Index,*www.nar.realtor/topics/pending-home-sales, a forward-looking indicator based on contract signings, retreated 2.6 percent to 106.3 in August from 109.1 in July. The index is now at its lowest reading since January 2016 (... Read More

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